Chapter Review
Chapter 1: The Study of Business, Government, and SocietyIn chapter one the author lays a foundation for the information which will be shared in the following chapters. This foundation allows the reader to understand basic terminology, ideas, and relationships as it pertains to the operation of business, government and society. For a more distinct explanation of what the author helps the reader to understand; the collaborative information that the chapter provides illustrates a somewhat intangible relationship, in which we (business, government, and society) all are stakeholders. The author helps the reader understands the interactions of the stakeholders, and these interactions shape how business’ assumes social responsibility; whether it is self imposed, dictated by law/regulation, or pressured by social values, ideas, and expectations. The author then offers four definitive relational models which helps the reader understand the multiple variables which help shape and control the relationship between business and society. In addition, the models also help the reader to understand the effects, the value added, and the challenges that are imposed on those parts of society which assume them. One interesting thought for the reader to keep in mind when learning the four models is how the nature of the models can vary based local and national politics, market maturity, and social structure. The first model that author presents is the Market Capitalism Model. In my opinion, this model is the foundation or the genesis of all the relationship models because it is in essence the motivation of business interaction. According to the author this model was birthed out of the basic human instinct to trade good/services in order to make a means to survive. (page 9) I understand the primary goal in business is to make a profit but ultimately business want to make a profit in order for the people who operate it can survive. The author goes on to explain how...

...1. What percentage of Texans live in urban areas (cities & suburbs)? 2
90% of the population now lives in crowed cities and suburbs.
2. Name the three cities in Texas that are three of the largest in US? 2
Houston, San Antonio and Dallas
3. What are the three diverse economic businesses in Texas? 4
Oil and gas producer now work alongside high-tech companies, telecommunications giants, and other important business sectors.
4. In what areas does Texas consistently rank at the bottom in state spending compared to other states? 4
Texas consistently ranks near the bottom of the states in spending on education, welfare, and healthcare for poor.
5. Is Texas a high-tax, high-business regulatory state or is it low-tax, low-regulatory? 4
Texas is low-tax and low-regulatory climate.
6. Are Texas well informed about government and elected officials? Do they trust government? 4
Texans are woefully ignorant of their state and local government and the public officials who make important decisions affecting their daily lives.
7. Does Texas have a regressive or progressive tax system and what do these mean? 5
Texas has a regressive tax system, which means a tax that imposes a disproportionately heavier burden on low-income people than on the more affluent.
8. What is meant by economic diversification and has Texas done this? 6
Economic diversification is the development of new and varied...

...For this coursework I have chosen case study 2. Within this assignment I will be able to highlight the key stakeholders and identify their main ethical issues and evaluate the case using two ethical theories; Utilitarianism and Ethics of Duty. Furthermore, I will be able to evaluate on Tom’s decision and whether it was ethical or not. Within this case I have been able to identify many ethical issues, however the main issues I shall be discussing are, Tom taking the designs without permission and breaking the code of practice and company trust.
Tom’s decision to still use Nina’s design without her permission not only breaks the copyright laws it also means he has gone against the copyright rules for his company. This decision will have a knock on effect on the stakeholders. Reading this case study, I have identified the key stakeholders for this business to be Nina, Tom, Managing Director, Supermarket Chain and the Competitors.
Nina
Tom’s decision to use Nina’s design could affect her financially and emotionally. If the design was used without her permission it could go one or two ways, firstly the design would be a super seller however as Nina did not know about her design being used she will not receive any profit. On the other hand if the design did not do so well she would have lost the opportunity for her design to be used the way she wanted it to be used. This could affect her emotionally, as she may have put a lot of hard...

...Chapter1: Globalization and International Business
Introduction
1. The meaning of globalization
* Broadly: the widening set of interdependent relationships among people from different parts of a world that happens to be divided into nations.
* Narrowly: the integration of world economies through the elimination of barriers to movements of goods, services, capital, technology, and people.
A. How Does International Business Fit In?
* International business consists of all commercial transactions between two or more countries. The goal of private business is to make profits; Governments may undertake them either for profit or for other reasons.
a. The Study of International Business
* Most managers need to approach their operating strategies from an international standpoint.
* Managers in almost any industry need to consider (1) where to obtain the inputs they need of the required quality and at the best possible price and (2) where you can best sell the product or service you’ve put together from those inputs.
* Studying IB is important because (1) most companies either are international or compete with international companies, (2) the best way of conducting business may differ by country, (3) an understanding helps you make better career decisions,...

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List of questions for exam 1 (Chapter1)
1. Discuss the relationship between "efficiency" and "effectiveness" and identify real organizations you think are, or are not, efficient and/or effective.
Organizations are Efficient when managers minimize the amount of resources or time needed to produce a given output of goods or services. Organizations are effective when managers choose appropriate goals and then achieve them. When a company is both efficient and effective, they can produce a product that customers want at a quality and price they can afford. One example is how Mcdonalds cooks their fries efficiently, they developed fat fryers that not only reduce the amount of oil used in cooking, but also speeds up the cooking of French fries. One way the same company utilized being effective is by providing a breakfast menu to attract more customers. Sales of breakfast foods account for more than 30% of McDonalds revenues.
2. What are the benefits of studying management?
1. In every society resources are valuable and scarce, the more efficient and effective use that organizations can make of those resources, the greater the relative wellbeing and prosperity of people in that society. Managers are the ones who decide how to use many of a society’s most valuable resources.
2. Studying management helps people deal with their bosses and their coworkers. Management...

...﻿Business Description
Grills is a small chicken shop situated in Woolooware. It is a sole trade business that is run by a couple Spiro and Anastasia. The business is based on selling fast and easy foods to local and sometimes not so local people and is catered for families and also just individual people looking for something to eat, either something light and small or even a meal.
At Grills there is a wide range of affordable meals and snacks, it is tasty, fresh, hygienic and has fulfilling meals. The meals are easy to consume and they have just in time services. Grills is very tidy and has a orderly space set up for the customers.
Location
Grills is located on Wills Rd in Woolooware. The location of the shop is very convenient to local residents and other shops owners nearby. It is also convenient to school children as it is located right across the road from Woolooware Primary School and isn’t too far of a walk from Woolooware High School.
Strengths
Grills has some strengths some of which include that it has a success of having continual customers, good quality food, friendly staff, cleanliness of the shop, parking spaces provided and it is also easily recognisable through signage which is located out the front of the shop.
Management Approaches:
The management approaches used at Grills would be the planning, organising and controlling of the business. These things include for planning...

...Strategic alliances.
AT&T the choice of international market entry mode :Direct export, Indirect export, Manufacturing subsidiaries and Strategic alliances.
AT&T took many actions to succeed in the changing environment. The company invested over $35 billion in acquisitions and upgrades to its infrastructure both to manage ever-increasing volumes of internet protocol and other data traffic, and to establish direct local connections to business customers. AT&T acquired a leading provider of local telephone service to business customers (TCG.) It acquired a leading provider of global data networking services (IBM Global Network.) It merged with two large cable companies, (TCI and MediaOne.) Operating as AT&T Broadband, the unit became the largest cable company in the United States.
The manufacturing operations too faced a transition from monopoly to competition. The largest manufacturing business, recast as AT&T Network Systems, had as its major customers the now independent local telephone companies (RBOCs). Other manufacturers competed for their business and the RBOCs cast an increasingly wary eye on AT&T Network Systems, at times seeing AT&T more as a real and potential competitor than a partner. Network Systems continued as the US market leader, selling both to its traditional customers and to new ones. Network Systems also led the way as AT&T returned to the global arena for the first time in seventy years,...